Environmental Economics

Michigan connects environmental questions with market failures and economic evaluation. Nonmarket valuation and regulation lead into discounting, benefit-cost analysis, energy transition and climate policy. This course is useful for learners who want to examine the reasoning behind a policy assessment rather than read a general introduction to environmental issues.

What you will learn

• Explain externalities and nonmarket valuation.
• Compare environmental-policy instruments.
• Relate discounting and benefit-cost analysis to climate questions.

Who this suits

The course is labeled beginner level, but Michigan requires introductory microeconomic principles related to market analysis.

Before you enroll

Compare the model with the question it is meant to answer. Use fictional or historical examples for practice and identify assumptions that could change the interpretation of the result.

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Put it into practice

Outline a benefit-cost comparison for a fictional pollution-reduction project. Identify an effect that is difficult to price and explain how you would report it.

Source and review

This overview is based on the provider's published information, checked on 12 October 2026. It is an editorial assessment, not a claim that we completed the resource. Time filters are approximate study ranges; projects and exercises can take longer.

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